James Packer and David Gyngell have both been slapped with criminal infringement notices for offensive behaviour for their fist fight on a Bondi street last weekend.

The penalty notice carries a fine of $500 if it goes uncontested by the recipient.

A police statement on Friday said a 46-year-old man and a 48-year-old man had been issued with the notices.

The Nine Network issued a statement saying Gyngell was pleased the process was now resolved.

The business heavyweights generated worldwide headlines after photos and video emerged of the childhood chums fighting outside Packer's home in Bondi in Sydney's eastern suburbs.

Gyngell issued a statement on Tuesday saying he was the instigator of brawl that resulted in a black eye for Packer and embarrassment for both men, after police revealed they were investigating the dust-up.

"David Gyngell respects the job police do and will co-operate fully with their investigation," the statement said.

"He also fully accepts that he was the instigator of the incident.

"Clearly, had he not turned up at Packer's premises in an angry mood then the confrontation would never have occurred."

There was speculation about whether the incident would affect Packer's ability to hold casino licences.